Top 10 – 2022 Foreclosure and Estate Sales – Edmonton

#Edmonton and surrounding area had 693 Foreclosures & Estate Sales on MLS during 2022, of which 436 are #Foreclosures.

Approx 58 SOLD every 30 days –

The prices ranged from $22,500 for a 1 bedroom condo in #Eastwood, to $2.1M for a Condo overlooking the River Valley in Downtown #Edmonton. Both of which sold in December.

Take a peek at the High and the Low – Click Here

Curious to see the TOP  10 of 2022, reach out to receive the FREE List – 5 sold for above the asking price

Sign Up for your #Free Updates….Click the button at the top or Visit www.Edmonton-Foreclosures.com for your FREE #Foreclosure List

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Foreclosure Find – Deal in St. Albert

2022 Bulit – Brand New Home for ONLY $427,000 – Welcome to Forest Lawn in the Heart of Mature St.Albert. This newly built home was rebuilt (2022) on-top of the original home’s foundation, keeping the same footprint and floor plan. Upon entering the home the sunken living room offers vaulted ceilings, a large bright open space and access to the side deck. The dining area and kitchen look down to the living room which is separated by the basement access. The side entrance could be used to create a separate entrance for the basement. The main floor has a 4 piece bathroom, 3 good sized rooms including the master bedroom, which offers a 2 piece ensuite. The basement has a large rec-room, a den space, a large storage room, the laundry room, a 3 piece bathroom and the fourth bedroom. Walking distance to 5 different schools, parks and amenities. Don’t miss out on this new gem in the heart of St. Albert.

One Foreclosure Sold each Day in the Month of December 2021

Edmonton currently has 153 Foreclosures & Estate Sales available. Of which around 111 are Foreclosures.

31 SOLD in December 2021 – Down slightly from November, as we headed into 2022 .

The prices ranged in the past 30 days from $46k sale price for a one bedroom condo, up to $960K for a Valleyview Home in Parkview, once listed at $1.5M.

Sign Up for your Free Updates….Click the button at the top or Visit www.Edmonton-Foreclosures.com for your FREE #Foreclosure List

MUST SELL! Corner Lot on Summerside Grande Blvd

Open to Offers: Executive style home in Summerside. This 2 storey home offers 2167sqft of living space with 4 bdrms, 3.5 baths, open floor plan with 9′ ceilings on the main, bonus room, finished basement, large family room with gas fireplace, stunning kitchen with ample cabinet space, stainless steel appliances, gas stove, glass back splash and granite counter tops. Master bedroom has a beautiful ensuite with separate tub & shower, double sinks & walkin closet with built in closet organizers. The basement is completely finished and perfect for an exercise or entertainment room with an additional bedroom and full bathroom. Book your showing with Mark at 780-908-8997

Courtesy of Mark Wilbert
Coldwell Banker Venture Realty
mark@coldwellbanker.ca

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Type of Property House Condo Townhouse/Duplex

Number of Bedrooms? 1 2 3 4

Number of Bathrooms? 1 to 1.5 2 to 2.5 3 to 3.5

What part of the city? Central/Downtown North East South West

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Edmonton vs Calgary Foreclosures

How are Calgary and Edmonton comparing on the $500,000 plus foreclosures?

Calgary has beat Edmonton on the selection and pricing (a couple over $2 million for foreclosed homes).

But, Edmonton currently has the most expensive foreclosure at $6 million.

Have a look below:

Edmonton Foreclosures:

http://abmls.fusionmls.com/DotNet/Pub/EmailView.aspx?r=110630467&s=ALB&t=ALB

Calgary Foreclosures:

http://abmls.fusionmls.com/DotNet/Pub/EmailView.aspx?r=22752910&s=ALB&t=ALB

Deal of the Week: Edmonton House for under $150,000

This move-in ready home has:

-paved back lane with single garage,

-two bedrooms,

-large kitchen,

-living room,

-100AMP service,

-newer hotwater tank,

-stacked washer/dryer &

-some newer windows, make this cozy bungalow a great buy at:

$149,000

Whether you are looking for an investment property or a starter home, this is the one.

See more information in the link below:

Property Information on 11848 53 Street

EDMONTON CONDO FORECLOSURES!

Thank you for your interest in Edmonton-Foreclosures.com

Please visit our website and fill in the information to request your Free Foreclosure Report, so you are kept up-to-date.

We have included the link below for you to view the 6 properties that are priced below $70,000.

http://abmls.mlxchange.com/DotNet/Pub/EmailView.aspx?r=1000457127&s=ALB&t=ALB

Thank you and talk to you soon,

www.Edmonton-Foreclosures.com

Foreclosure Process in Alberta

The foreclosure process in Alberta usually comes about when the owner defaults the mortgage. There are a lot of reasons why this can come about. The most common cause why this happens is when the mortgage debtor fails to pay off the financial obligations that he/she has towards the mortgage lender. This may be because they are unable or even unwilling to do so. The foreclosure process is as follows:

1)      Financial obligation is not met by the borrower.

2)      Mortgage lender gives a demand letter to the borrower, giving the borrower enough time to pay off the mortgage. However, if the borrower has missed three months of payment on the mortgage the lender can submit a petition under the Court of Queen’s Bench to foreclose on the property.

3)      The court then goes out an ‘Order Nisi,’ which gives the borrower a redemption period of six months to pay off the mortgage.

4)      Unlike other foreclosed property auction processes, the foreclosure process in Alberta has the court as the one who decides how much and to whom the property will be sold to.

5)      After the redemption period has concluded and the mortgage has not been paid off, the court is able to tender the land for sale at any time and place, in any way and at any charge that the court considers appropriate.

6)      If the foreclosed party (borrower) is unable to pay off all the financial obligations after the aforementioned redemption period, then the mortgage lender will be able to foreclose on the property and list it under the MLS Realtor.

7)      Once this is done, the foreclosed property is then available to be ‘auctioned’ to the public.

8)      Once the property is sold, the funds received will be used to pay the debt owed to the mortgage lender, while he/she will be able to keep any left over amount that is garnered after all the appropriate fees has been paid off. Compared to many jurisdictions, the foreclosure process in Alberta is considered a fair method that will end up benefiting all the parties involved. The borrower, the mortgage lender, and the buyer.

Be informed and work with a professional.